Navan (NASDAQ:NAVN) Hits New 52-Week Low – Should You Sell?

Navan, Inc. (NASDAQ:NAVN)’s share price reached a new 52-week low on Monday . The stock traded as low as $9.43 and last traded at $9.44, with a volume of 205105 shares trading hands. The stock had previously closed at $10.11.

Analysts Set New Price Targets

NAVN has been the topic of several research analyst reports. BTIG Research assumed coverage on shares of Navan in a report on Monday, November 24th. They set a “buy” rating and a $26.00 price target on the stock. Oppenheimer began coverage on Navan in a research note on Monday, November 24th. They issued an “outperform” rating and a $25.00 target price on the stock. Citigroup assumed coverage on Navan in a research report on Monday, November 24th. They issued a “buy” rating and a $26.00 target price on the stock. Citizens Jmp reaffirmed a “market outperform” rating and set a $25.00 price target on shares of Navan in a research note on Tuesday, December 23rd. Finally, Weiss Ratings initiated coverage on Navan in a research note on Tuesday, January 27th. They issued a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.36.

Navan Price Performance

The stock has a market cap of $2.30 billion and a P/E ratio of -4.72. The stock’s fifty day moving average price is $13.95. The company has a quick ratio of 4.49, a current ratio of 4.49 and a debt-to-equity ratio of 0.14.

Insiders Place Their Bets

In other Navan news, Director Benjamin A. Horowitz purchased 46,337 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were bought at an average cost of $18.11 per share, with a total value of $839,163.07. Following the transaction, the director directly owned 8,346,792 shares in the company, valued at approximately $151,160,403.12. This represents a 0.56% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Horowitz Lsv Fund I. Andreessen purchased 46,337 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were acquired at an average price of $18.11 per share, with a total value of $839,163.07. Following the completion of the acquisition, the insider owned 8,346,792 shares of the company’s stock, valued at approximately $151,160,403.12. The trade was a 0.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 5,644,482 shares of company stock worth $86,979,947.

Institutional Trading of Navan

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Navan during the fourth quarter valued at approximately $270,000. FNY Investment Advisers LLC acquired a new stake in Navan during the fourth quarter worth $115,000. Lunate Capital Ltd bought a new stake in Navan in the 4th quarter valued at $3,416,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Navan in the 4th quarter valued at $256,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Navan during the 4th quarter worth about $257,000.

Navan Company Profile

Navan (NASDAQ: NAVN) is a technology company that provides an integrated platform for corporate travel, expense management and business payments. The company combines online travel booking and itinerary management with expense reporting, corporate card services and payment processing to help organizations consolidate travel and T&E (travel and expense) workflows into a single system. Navan emphasizes a mobile-first user experience, automated reconciliation and policy controls to simplify administrative processes for finance and travel teams while improving the experience for travelers.

Navan’s offerings typically include online and mobile travel booking, real-time traveler support and duty-of-care features, automated expense capture and reporting, corporate card and virtual card issuance, and tools for payments and invoice management.